Page 30 - Uber

Expedia chief Dara Khosrowshahi is the new Uber CEO

Expedia chief Dara Khosrowshahi has been chosen to replace ousted Travis Kalanick as the next CEO at Uber, The New York Times has reported, as the ride-hailing giant looks to move past a rough patch. Khosrowshahi emerged as the leader among three finalists for the job during company board meetings over the weekend, the Times reported yesterday, citing two people familiar with the decision. Uber spokespeople were not immediately available for comment. Hewlett-Packard Enterprise chief Meg Whitman had been seen as the favorite, according to several media outlets, but the Times said the situation changed yesterday in the 48-year-old Tehran-born Khosrowshahi's favor. Former GE CEO Jeff Immelt, whose name was on the shortlist, yesterday removed himself from the running for the top job. "I have decided not to pursue a leadership position at Uber," Immelt said on Twitter, without explaining his reasons. "I have immense respect for the company & founders." The Wall Street Journal ..

Uber second-quarter loss shrinks to $645 mn as ride bookings grow

Some investors have eyed Uber's $68 billion valuation with scepticism

Betting on India, Mexico and Brazil to drive growth for company: Uber

Uber said it is focusing on launching solutions that enhance customer experience on its platform

True price of an Uber ride in question as investors assess firm's value

Uber will report second-quarter financials to investors this week

Truce with Ola not a condition for SoftBank to invest in Uber

As Softbank explores the opportunity of investing in US ride hailing giant Uber, a truce between its unit in India and rival Ola isn't an immediate condition the Japanese investor is putting forward according to a Bloomberg report.Masayoshi Son, Chairman and CEO of Softbank, on August 7 confirmed that the company was in talks with both Uber as well as its rival Lyft as the US ride hailing market was very big and the most important market globally.The report says that while Uber will raise just $1 billion to $1.5 billion at its current valuation of $70 billion, a second and much larger component will will be used to purchase shares of current investors at a lower valuation.The entire size of the round is said to be somewhere near $12 billion, with majority of that money coming from Softbank and China's Didi Chuxing.However, the deal is said to be hung on Uber's ability to resolve a boardroom brawl between founder Travis Kalanick and one of the company's largest investors Benchmark ...

Investors ask Benchmark to leave Uber board following Kalanick suit

Benchmark was among the Uber investors in June who pressed Kalanick to step down

Uber investor sues co-founder Kalanick

Kalanick called the lawsuit completely without merit and riddled with lies and false allegations

Uber looks to break the outsider image with TV ad campaign

With a new campaign that talks about togetherness, Uber challenges the narrative of homegrown rivals

Uber India grew at over 100%, driven by UberPOOL, small cities expansion

Uber has already completed 500 million trips in India

Uber may sell US car-leasing business: Report

WSJ reported earlier on Tuesday that as many as 500 jobs could be affected by the programme

Smoke, then fire: Uber knowingly leased unsafe cars to drivers

Chasing breakneck growth, the ride-hailing giant bought Honda SUVs in Singapore subject to a recall

Uber launches 'Driver Profile' feature to gain rider's trust

There have been some incidents in the past where riders have reported bad experiences with drivers

Uber shareholders discuss stock sale to SoftBank, others

Talks led by Benchmark, one of the startup's earliest investors

Uber hands over Russia biz to Yandex with $3.7-bn merger

Uber Technologies is handing over the keys to its business in Russia

What a London cabbie can teach one about Uber

A traditional industry gets disrupted, then starts to adapt

Uber scrambles to prevent employee exodus

Company's senior leaders have made impassioned pleas reassuring them it is worth sticking around

Delhi rape victim sues Uber, claims it wrongly obtained her medical records

Uber driver was convicted of rape and given a life sentence in prison in 2015.

One way to fix Uber: Think twice before using it

The ride-hailing app has failed to live up to its promises; it's time to avoid it

Uber fires 20 employees over sexual harassment probe: Soures

This move comes after a series of events that have raised questions about Uber's business model

Uber aware of wrong cuts from drivers' earnings as early as 2015

Problem with commissions has arisen amid driver discontent over a range of issues